Packaging

APAC bleached linter cellulose market to record substantial gains over 2019-2025

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Increased product demand from pharmaceutical and textile industries will drive bleached linter cellulose market growth in the forecast years. Bleach linter cellulose is a high viscosity substance made primarily from cotton linters. Compared to wood cellulose, cotton linters offer significant advantages like higher purity, higher brightness, and a lower content of hemi-celluloses. These characteristics make purified linters cellulose an ideal raw material for manufacturing high-quality products like tissue, gazes, high-quality paper for bank notes, nitrocellulose and cellulose ethers.

U.S. Bleach Linter Cellulose Market size, By Application, 2014-2025 (USD Million)

U.S. Bleach Linter Cellulose Market size, By Application, 2014-2025 (USD Million)

Increasing investments and rapid technological advancements are likely to expand bleached linter cellulose market size over the forecast period. For instance, in 2019, the GRETE project that aims to improve the existing wood-to-textile value chains by developing breakthroughs and increase production of man-made cellulose fibers in Europe was granted EUR 2.6 million by the Bio-based Industries Joint Undertaking (BBI JU). Swiftly growing food industry across developing nations is also anticipated to foster industry trends.

Based on application, it would be apt to state that cellulose ether will accrue a significant proportion od bleached linter cellulose market share over the coming years. Cellulose ethers are often used as viscosifiers, suspending agents, thickeners, binders, protective colloids, film formers, and stabilizers in industries like food, drilling, textile, building, ceramics, detergent, and cosmetics.

Increasing use of cellulose ethers like carboxymethylcellulose (CMC) and methylcellulose (MC) will drive industry outlook. For example, in the construction industry, CMC is used in cement and other building material compositions owing to its hydrophilic and stabilizing properties.

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Supportive government strategies and investments in the construction sector will positively supplement cellulose ether segment in the coming years. For instance, according to European Construction Sector Observatory (ECSO) 2018, the UK government plans to deliver 400,000 affordable housing units by 2020-2021, financed through a new EUR 2.7 billion Housing Infrastructure Fund.

Growing demand for personal care and pharmaceutical products is likely to drive bleached linter cellulose market growth by 2025. In personal care industry, bleached linter cellulose is used to thicken and stabilize cosmetics and improve their moisturizing effects. Cellulose ether, pertaining to its characteristics like high glass transition temperatures, limited crystallinity, high chemical & photochemical stability, solubility, hydrogen bonding capability, and low toxicity is used widely in the pharmaceutical sector. Colored cellulose ether products can also be decolorized or bleached to attain an increased whiteness.

Growing use of cellulose ether in various medicinal drug formulations will accelerate product demand. For instance, methyl cellulose (MC) can be used for thickening, suspending, and achieving emulsion stability of liquid pharmaceuticals, and for film coating materials of low viscosity aqueous solution.

Ethyl cellulose (EC) can be used as the binder of tablets, as film coating material, or as the matrix material for developing various types of matrix sustained-release tablets. With growing application of cellulose ether and ethyl cellulose, bleached linter cellulose market will witness commendable proceeds from the personal care and pharmaceutical sector over the coming years.

Asia-Pacific bleached linter cellulose market is anticipated to record gains of over 3.5% in the forecast period. Availability of low cost raw materials in countries like India and China will supplement industry growth. In addition, surging demand from end-user industries like textile, food, pharmaceutical and personal care due to improving socio-economic trends will expand market size.

According to IBEF, India’s pharmaceutical industry is expected to reach US $55 billion by 2020. Whereas the country’s textiles industry is estimated to reach US$ 250 billion in 2019. With rapid proliferation in such key sectors, the Asia-Pacific bleached linter cellulose market is estimated to witness new growth opportunities over the forecast period.

Bleach linter cellulose is high viscosity cellulose made from cotton linters. Being non-toxic, odorless in nature and easy-absorbent, bleach linter cellulose can effectively be used in industries like food, ceramics, detergent, and cosmetics. Rising product penetration in the textile, personal care and pharmaceutical industries will majorly drive global bleached linter cellulose market growth. Global Market Insights, Inc., estimates bleached linter cellulose market size to reach US $1.3 billion by 2025.

Author NameMateen Dalal

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The future of microprinting market – Rising demand for protection against counterfeit activities to drive the industry trends

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Rising disposable incomes and continuous development of the banking, healthcare and packaging sectors have proliferated global microprinting market size, as more businesses are finding it essential to safeguard their products against fraudulent activities. Whether is microprinting on money to prevent counterfeiting or on pharmaceutical labels to establish authenticity, the technology has enabled companies to save considerable losses that would otherwise result from misuse or illegal transfer of goods.

U.S. microprinting market, by end-use, 2018 & 2025 (USD Million)
U.S. microprinting market, by end-use, 2018 & 2025 (USD Million)

Currencies have become one of the prominent application areas for the microprinting industry, with countries like Australia, U.S. and the U.K. being some of the early adopters of the technique. Basically, microprints make it very difficult for counterfeiters to reproduce the extremely small text imprinted on modern currency notes, deterring them creating from circulating fake currency notes. Although the banking and finance sector has significantly helped to expand microprinting market size, evolving trends in the government, healthcare and packaging segments will further expand business prospects worldwide.

Security of National ID cards: Over the last decade, governments around the world have accelerated the promotion of digital transformation and have urged citizens to carry new and smart national identification cards. Generally, infusion of new technology brings with it several risks associated with illegal activities, in this case identity thefts and ultimate misuse of access cards. National IDs also face the similar risks and various players are providing microprinting printers that can help protect against counterfeiting risks.

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Technically, reproduction of cards through simple scans or photocopying with standard resolutions using various consumer devices do not capture the microtext, making an ID extremely hard to forge. An eID card or a digitally accepted identification document has now become a norm in China, India, Malaysia as well as numerous developing nations in Africa. It is anticipated that by 2021, more than 3.6 billion people globally would be carrying a national eID card and securing these cards from theft and frauds would provide a remarkable growth platform for augmenting microprinting industry size.

Protection of Healthcare Products: While international regulations and standards make it mandatory to include composition and ingredients of medicines on the labels, and sometimes on the product, the problem of fake drugs has also prompted the adoption of microprinting technology. Manufacturers such as Xerox are now offering microprinting printers that can provide specialty imaging and fraud prevention technologies to healthcare firms. Metica, Videojet and other players are also enabling precise and compliant printing of relevant information on pharmaceutical labels or boxes.

Evidently, misspelled drugs and counterfeit medicines create considerable health risks to consumers, along with spelling large financial losses for producers. The World Health Organization has estimated that every year, almost US$82.29 billion worth counterfeit medicines are traded worldwide. In fact, the agency believes more than 30% medicines being circulated in some parts of South America, Asia and Africa are fake. Subsequently, microprinting market will amass substantial revenues from healthcare and pharmaceutical companies aiming to protect sensitive data with specialty imaging.

Avoiding Duplicity of Packaged Goods: As the technology moves beyond microprinting on money, the packaging sector has also realized its benefits in shielding products against duplicity, while simultaneously enjoying low cost and fast printing operations. The need for accelerating the efforts aimed at increasing product security has emerged due to gaining popularity of global e-commerce giants and local online retail businesses. The trend has further resulted in logistics challenges faced by sellers, and microprinting industry is pegged as a crucial solution to the existing problems with product tracking.

Growing preference of e-commerce can be gathered from the fact that just one online platform, Amazon.com, had accrued over US$141.92 billion in sales revenue in 2018, which was a 19.7% increase from the previous year. As e-commerce penetration among consumers expands and necessitates precise labeling and tracking of packages, the microprinting market size from packaging applications will catapult tremendously.

All in all, increasing need for securing identification cards, consumer products and pharmaceuticals will fuel the demand for reliable and accurate printing technologies that can be deployed across key substrate materials like plastic, metal and paper. Reports estimate that global microprinting market size will surpass US$800 million by 2025.

Author NamePankaj Singh

Polyurethane flexible foam market to gain sizable momentum by 2025, APAC to emerge as a prominent revenue pocket

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Highlighting the rapid developments across the global flexible foam market, it would be pivotal to state the mention the Germany-based global leader in flexible foams, Armacell. Apparently, the firm has recently opened its new manufacturing facility in Bahrain. According to news reports, the facility has an annual operational capacity of 60,000-cu m of technical insulation foam, in turn providing a wide range of insulation solution for the domestic market including elastomeric insulation & high-density materials for HVAC (heating, ventilation, and air conditioning) systems. Industry analysts deem that Armacell’s move to open flexible foam manufacturing facility will not only cater to the strong product demand in the Gulf region, but will also strengthen its foothold in the global flexible foam industry space.

Asia Pacific flexible foam market, By Type, 2018 & 2025, (Million Tons)
 Asia Pacific flexible foam market, By Type, 2018 & 2025, (Million Tons)

This German company, however, is not the only major flexible foam industry player that’s seizing the growing product demand from myriad applications including packaging, construction, furniture & upholstery, bedding, pillows, carpet cushion, mattresses, consumer goods, and automotive interiors.  FRX Polymers Inc., recently for instance has introduced its Nofia non-halogenated polyphosphonates that will be used in UL 94 V-0 high-temp polyurethane flexible foams used in the transportation & electronic industries. For the record, Nofia phosphonate oligomers act as a flame retardant & heat stabilizer in polyurethane flexible foam products and retain mechanical performance.

A statement by FRX claims that the Nofia FR enabled the fire retardant polyurethane foam to conveniently handle higher temperatures – with respect to both, the continuous use temperature and peak temperature. FRX’s launch of Nofia is an apt instance validating the significance of polyurethane as a vital type of flexible foam. The material apparently, is characterized by outstanding features such as light weight, lower installation time, enhanced resiliency, improved cushioning, lightweight, increased shelf life, and durability.

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Elaborating on the extensive deployment of polyurethane for introducing light weightiness in vehicles, it would be prudent to mention that high-density polyurethane foam components can be effectively coated to seem like the original product, and can be manufactured with a closed-cell structure that boasts of being water-tight. Ergo, the component is not susceptible to rotting, delaminating from water intrusion, or warping. PU foam is also equipped with exceptional self-skinning properties, making the product ready for painting or coating. This has consequently increased the deployment of PU foams in myriad automotive and aerospace applications, thereby driving the PU flexible foam market share.

Powered by its excellent characteristics, polyurethane foam is widely used across a spate of industry verticals. As a matter of fact, polyurethane dominated the overall flexible foam market in 2018, with a share of over 60% of the demand. Driven by its innumerable applications in lightweight automotive parts, as thermal insulation products in buildings, in automotive interior components, and as cushioning in beddings, upholstery, etc., polyurethane-based flexible foam industry is slated to traverse alongside a highly profitable growth path in the years ahead.

Speaking of the regional spectrum of flexible foam market, the APAC undeniably, has emerged as a forerunner, a feat that can be credited to the expanding automotive and consumer goods industries in the region. As a matter of fact, the continent boasts of increased expenditure on luxurious consumer goods coupled, thereby fueling the demand for memory foams in mattresses and beddings. The region’s construction industry has also been undergoing a robust expansion of sorts, that has considerably increased the demand for flexible foams in the continent.

Powered by the expanding hospitality industry, specifically across the South-East Asian nations of Thailand, Singapore, Malaysia, Vietnam, and Indonesia, on account of supportive FDI policies, APAC flexible foam market share is anticipated to depict a commendable rise in the years ahead. Indeed, as per estimates, Asia Pacific led the overall flexible foam market share in 2018, accounting for more than 30% of the demand.

As the demand for flexible foams exhibit an incline across a slew of prominent industry verticals, the global flexible foam market is anticipated to gain quite some traction in the years ahead. The industry is also characterized by the launch of highly innovative products by numerous industry contenders. Say for instance, Deacom, Inc., the popular developer of a comprehensive ERP solution, recently concluded an implementation for an innovative PU foam chemical technology manufacturer, Foam Supplies, Inc., with Ecomate®, its patented blowing agent. The new system is expected to provide the technology foundation to manage Foam’s production operations. Aided by a ferocious competitive spectrum and a widespread application landscape, the global flexible foam industry size is set to be pegged at USD 65 billion by 2025.

Author NameSaipriya Iyer

Lithographic printing chemicals market to accrue hefty proceeds from packaging applications, global industry valuation to surpass $17 billion by 2025

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Owing to the increased demand for high quality and low cost printing, the lithographic printing chemicals market has been steadily growing in conjunction with the development of the packaging, publication and promotion sectors. The ability of printing chemicals to be applied on numerous types of materials and surfaces has particularly cemented their place in global packaging space for producing large quantities of product packaging. The lithographic printing chemicals industry benefits from improved output and a quick turnaround time achieved in lithographic printing, supported with latest technologies for making minute adjustment in images. Rising need for efficient and outstanding packaging options, in addition to the consistent demand for regular publications and increased promotional spending worldwide has pushed the lithographic printing chemicals market revenue, that stood at USD 12.5 billion in 2017.

U.S. Lithographic Printing Chemicals Market Size, By Application, 2014 – 2025 (USD Million)
U.S. Lithographic Printing Chemicals Market Size, By Application, 2014 – 2025 (USD Million)

Essentially, packaging is one of most important aspect of a product development, though it might not be the first part a company works on. The lithographic printing chemicals industry has witnessed tremendous proliferation due to offset printing’s dominance in the folding carton market globally, which serves a wide range of product applications. Manufacturing of folding cartons has always remained stable depending on the prevailing consumer trends and is a mature industry having a foothold in the food & beverages, cosmetics, consumer durables, among other segments. Valued at more than USD 75 billion per year, the global folding carton industry provides vital packaging options made from paper, cardboard, heavy solid board and light corrugated board. The need to apply quality and durable prints on such diverse packaging materials will give a significant boost to the lithographic printing chemicals market.

With the growth of emerging techniques like digital printing, offset printing has still been able to maintain its popularity, mainly attributed to the overall print quality and being more cost-efficient for large volumes. As such, most of the packaged food, perfumes, household product and beer companies use folding cartons that are offset printed, contributing heavily towards the earnings of the lithographic printing chemicals industry. Various packaging firms produce custom lithographic packaging for the beverage industry, for instance, Strong Haven offers custom designs to help brands increase their shelf exposure. It had recently designing a 12 bottle package for a brewing company, which had bold colors and graphics imprinted though lithography, after which the client reported a rise in the sales of its product lines.

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The brewing company had credited the packaging as being the primary reason for the sales increase, further propagating the importance of offset printing and invariably, the lithographic printing chemicals market. Separately, Hop Kettle brewery had approached Saxon Packaging in May 2018 to help the company raise funds for the National Thames Path trail, for which Hop Kettle was to become the official beer. To support the brewery, Saxon developed litho printed beer gift packs and Hop Kettle expected to draw more customers through packaging which housed 3 beer bottles. Most major alcohol brands also use litho-printed folding cartons for packaging their products, indicating the massive growth potential of lithographic printing chemicals market.

Besides beverage, packaging companies catering to the food snacks sector also make extensive use of lithographic printing presses to make cartons and boxes for popular brands. They also invest in installing the newest machines which will help them in expanding production capacities and provide better packaging options to customers. Accurate Box, is a provider of high-quality graphics for corrugated packaging being used by major global brands like PepsiCo and Kellogg’s, and is one of the largest litho-based packaging companies in the U.S. At the end of June 2018, the company added a new Koenig & Bauer Rapida 164 seven-color press for enhancing production capacity, speed and computerized quality systems. The machines is very effective in matching shades and images depending on the brands and has advanced color control capability along with quality measuring system.

All in all, with a worldwide surge in the consumption of food, beverages, fragrances and other products, the proportional increase in need for cost-efficient and aesthetically advanced packaging will propel the lithographic printing chemicals industry enormously. TCI Graphics, SICPA Holding SA, DIC Corporation, Flint Group, Siegwerk Druckfarben AG & Co., Huber Group and Tokyo Printing Ink Company are some key players in the global lithographic printing chemicals market, which is anticipated to reach more than USD 17.5 billion in remuneration by 2025.

Author NamePankaj Singh

Polyglycolic acid market to witness phenomenal proceeds in the U.S., shale gas extraction to drive the regional trends

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Being one of the biggest beneficiaries of the developments in tissue bioengineering, polyglycolic acid market has garnered hefty proceeds in the medical sector. In fact, as per reliable estimates, the medical fraternity contributed to more than 60% of the overall polyglycolic acid market size in 2016. Widespread adoption of absorbable sutures has been a chief driver of the increasing demand for PGA from this sector. Reportedly, the global surgical suture market is already a billion-dollar space and is anticipated to witness remarkable growth in the ensuing years.

U.S. polyglycolic acid market size, by application, 2013 – 2024 (USD Billion)
U.S. polyglycolic acid market size, by application, 2013 - 2024 (USD Billion)

Elaborating further on the application arena of polyglycolic from medical space, tissue engineering, biodegradable bone graft polymers, transplantation procedures, cell culture, etc. are some of the renowned opportunistic areas generating a massive demand for PGA. Due to the biodegradable properties of PGA, it has been categorized as one of the most widely used biodegradable bone graft polymers. For the records, the global biodegradable bone graft polymers market is projected to witness a CAGR of 7.5% over 2017-2024.

Tissue engineering is also anticipated to provide a remarkable impetus to PGA market share, on grounds of the material being recognized as an outstanding support for tissue development. Speaking along similar lines, fiber form of PGA has been prominently used in the medical applications over the recent years, having held 40% of the overall polyglycolic market landscape in 2016.

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However, despite the medical applications holding a major chunk of polyglycolic industry size, the contributions of shale gas extraction and packaging domains has also been commendable. PGA has been widely adopted in shale gas extraction driven by its operational efficiency and cost reduction capabilities. In fact, as per a report by Global Market Insights, Inc. this sector is estimated to be catalogued as the fastest growing application of PGA market, with a target CAGR of 8% over 2017-2024.

In terms of geographical standards, North America stood as one of the biggest recipients of this application growth and led the overall PGA market in 2016. For the records, North America procured 60% of polyglycolic acid industry size in 2016, with U.S. as a chief revenue pocket. Allegedly, the United States, driven by its recorded shale gas production, has been classified as a prominent facilitator of the global energy change. As per the U.S. EIA, the country’s natural gas consumption is estimated to reach 31.6 TcF by 2040. 56% of this growth is believed to be driven by upward development in shale gas production.

Europe is also forecast to stand tall in the regional hierarchy with an estimated annual growth rate of 8% over 2017-2024. The regional growth can be credited to the food packaging applications, which is predominantly focusing on recyclable and biodegradable solutions. Citing a relevant instance, RefuCoat, the EU-funded project, recently created quite a buzz in the regional polymer market landscape. Reportedly, the project aims at deploying high-performance coatings to develop completely recyclable food packaging endorsed with improved functionalities and gas barrier properties.  The move will provide a significant push to the Europe polyglycolic acid market trends, on grounds of the aforementioned hybrid coating comprising PGA and modified silica oxide as the key materials.

In this context, it is imperative to mention that the packaging applications have also been a prominent driver of global PGA industry trends, driven by the product’s excellent biodegradability and flexural strength. PGA has seen a remarkable rise in its demand curve with its proven benefits over conventional plastics. As per estimates, 30% of the PGA industry application landscape was procured by packaging sector in 2016. Film form of PGA has been extensively used in packaging applications and is estimated to record a CAGR of 8.5% over 2017-2024.

All in all, the profitability matrix of PGA market is projected to remain high with the sustainability and biodegradability trends becoming mainstream. The competitive landscape is likely to be monopolistic, synonymous to that in 2016, with Kureha Corporation as the leading player. In terms of commercialization potential, global polyglycolic acid market is slated to surpass a revenue of USD 9 billion by 2024.

Author Name : Shikha Sinha

Wax market to chronicle itself in the multibillion dollar business space, heavy product demand from the candle manufacturing and cosmetics sectors to stimulate the industry growth over 2017-2024

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The crux of business growth in recent times has been extensively attributed to the vast expanse of R&D programs. Wax market, in this regard, has also been experiencing a transformation, given that as a long-in-existence organic compound, wax has found massive applications in numerous end-use domains. A couple of years ago for instance, a research group from the Colorado State University published a study related to edible superhydrophobic coatings from FDA-approved carnauba and beeswax for the food packaging domain. Traditional wax like beeswax or tallow wax and synthetic wax like paraffin wax have been a part of the wax market landscape since its inception. However, now, with the increasing scarcity of fossil fuels, hydrogenated vegetable wax has also marked its debut in this business space. With the advancement of technology and increasing human endeavor for innovation, wax industry has depicted commendable progress through the product’s varied usage in packing, cosmetics and candle-making industries.

U.S. wax market size, by product, 2013 – 2024 (USD Million)
U.S. wax market size, by product, 2013 - 2024 (USD Million)

The candle-making industry has been one of the major and ancient drivers for wax market. While the traditional usage of candles as a chief source of light after sundown does not really exist anymore, the candle manufacturing sector still remains a multimillion dollar business. Aided by the presence of the internet and social media, the trend of manufacturing decorative and scented candles has taken shape, added a new dimension to the growth of the candle producing domain, which in consequence has impelled wax industry size from candle manufacturing. With the evolution of myriad candle types, candle manufacturing has witnessed numerous changes over the centuries. At present, candle manufacturers not only use paraffin and fossil-based wax but also synthetic, bio-based and natural wax, which adds to the multi-dimensional growth of wax industry.

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Besides candle manufacturing, the cosmetics domain also acts as a momentous driver for wax market. In a world that is becoming increasingly obsessed with self-image and beauty, cosmetics sector is set to witness massive growth in next few years, a factor that will positively impact wax industry share over 2017-2024. Rise in disposable incomes and an inclination toward beauty has spurred the demand for better skin and personal care products. Owing to drastically changing climatic conditions, consumers have also been demanding natural and ecofriendly cosmetics in the interest of health and environmental ramifications. These shifting trends, in consequence, will inevitably provide the much-needed boost to wax market expansion. Given how extensively wax is used in the manufacturing of lipsticks, mascaras, lip balms, lotions, eye pencils, and creams, the cosmetics and candle-making sectors are likely to vie with one another in terms of which domain would be most lucrative for impelling global wax market size.

It is prudent to mention that wax industry also receives significant stimulus through the use of wax in food packaging, since the product is an effective medium to create a protective barrier between food and deteriorating factors like moisture and humidity. It not only provides a preservative seal but also adds a glossy sheen on food items like fruits, nut seeds, and fertilizers. Wax coatings also help in delaying ripening, loss of internal moisture, and prolonging shelf life in general, thus expanding the scope of wax market from food packaging.

The FDA has approved the use of wax as an edible coating to be safe, non-toxic, and hypo-allergenic. In response, wax is majorly used to coat whole fruits like avocados, mangoes, pomegranates, melons, apples, and papayas and as a glazing agent for nuts. Indeed, this provides another growth avenue for wax market expansion from the food packaging domain.

Wax market is likely to face a major hindrance in the form of fluctuations in raw material supply and prices. With fossil fuels becoming scarce, wax products that depend solely on petroleum or crude oil for their production are becoming costlier. However, wax industry is rife with innovations related to the manufacture of synthetic waxes that use bio-based materials and are more eco-friendly than conventional wax products. With global economies becoming stronger by the day and the rising per capita income, wax market is estimated to garner significant profits over the ensuing years.

Author Name : Paroma Bhattacharya

APAC Pressure sensitive labels and tapes market to witness significant momentum over 2017-2024, food and beverage sector to drive the regional end-user landscape

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3M, one of the most acclaimed players in pressure sensitive labels and tapes market, has officially launched 3M™ FWBT (Fire and Water Barrier Tape), specially designed for firestopping in construction.  Reportedly, FWBT is integrated with pressure sensitive adhesives, that have the credibility to stick to a wide platter of construction substrates including damp surface both at low as well as high temperatures. Claimed as a revolutionary extension of the existing products encompassing the pressure sensitive tapes and labels industry, FWBT is reported to be the first of its kind that comprise self-adhered membranes to provide an elastomeric tough seal. In fact, the product range, as per experts’ opinion, is deemed to garner a mass popularity in a wide range of site applications, subject to its flexibility in the size range spanning 51 mm-303 mm in width and 22.8 m in length. Reportedly, the newly launched ASTM and NFPA approved pressure sensitive tapes, that can be utilized for a diversified range of customized applications, as per experts’ opinion, in all plausibility, would bring a disruption in the entire pressure sensitive tapes and labels industry.

U.S. Pressure Sensitive Tapes & Labels Market Size, By End-user, 2013 – 2024 (USD Billion)
U.S. Pressure Sensitive Tapes & Labels Market Size, By End-user, 2013 – 2024 (USD Billion)

With technology making a strong footprint in packaging sector, it won’t be irrefutable to declare that the development of pressure sensitive labels and tapes market is heavily influenced by the changing trends of flexible packaging industry. As per estimates, global flexible packaging industry is claimed to cross a humougous revenue of USD 250 billion by 2024, validating a slew of opportunities for pressure sensitive labels and tapes market players.  With global population treading toward sedentary lifestyle such as long working hours, packaged food consumption has not only upscaled in developed economies but also emerging countries. In consequence, this has led to an escalating demand for pressure sensitive labels and tapes market, given the fact PSA (pressure sensitive adhesives) is a one stop solution to many requirements including metalized PET or customized removable packaging.

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Regionally, Asia Pacific undoubtedly stands at the vanguard of pressure sensitive tapes and labels industry, amply evidenced from reliable statistics. According to some trusted reports- APAC flexible packaging market attained a valuation of USD 35 billion in 2015- a mammoth figure that parallelly sets the ground lucrative for the regional pressure sensitive labels and tapes market. Growing urban population level and subsequent improvements in consumer lifestyle, along with profound developments in retail infrastructure serve to support the increasing demand for packaged food across this belt, China, Indonesia, India, and Thailand in particular. In fact, statistics claim, globally, India is one of the rapidly emerging packaging markets, with a valuation of USD 40 billion in 2016. Needless to mention, with significant proliferation in food packaging sector, the demand for sealing materials with superior bonding properties has also witnessed a marked rise, which has undeniably stimulated pressure sensitive labels and tapes market. As per estimates, the regional pressure sensitive tapes and labels industry is slated to record a y-o-y growth of 7% over 2017-2024.

it is imperative to mention that one of the major restraining factors deterring pressure sensitive tapes and labels industry growth from packaging applications is the environmental concerns associated with plastic film based pressure-sensitive tapes.  Concerns related to life cycle analysis, emission level, recyclability, performance, and compatibility of these tapes are prompting the market players to come up with competitive alternatives like hot melt pressure sensitive tapes. However, in this regard, experts claim, when pressure sensitive tapes are utilized for the closure of corrugated containers, these tapes do not interfere in the recycling process, ensuring the environmental sustainability. With an escalating demand for corrugated box packaging in tandem with a strict regulatory frame of reference in place, pressure sensitive tapes and labels industry is forecast to cross a mammoth valuation of USD 150 billion by 2024.

Author Name : Satarupa De